SCOPE VC is leading a pre-seed round of fundraising for fintech firm AuthPay, which has raised $450K.
According to a press statement from AuthPay, the money will be utilized to further the startup’s expansion and allow it to take advantage of innovative fintech business models and technological advancements.
AuthPay, which was founded in July 2020, uses cutting-edge technology and a customer-focused strategy to offer safe payment solutions to businesses globally. Businesses may improve security, expedite transaction processing, and provide customers with a flawless payment experience with the help of this platform.
With each transaction, AuthPay’s intelligent wallet optimizes incentives. Based on merchant type, geography, and loyalty programs, its patent-pending AI makes card recommendations.
SCOPE is an invitation-only worldwide networking platform that brings together entrepreneurs, financiers, and business leaders. SCOPE VC recently launched a $45 million venture capital fund with the goal of fostering innovation in the fintech and gaming industries. This investment in Authpay comes after that announcement.
